The issuance of the Presidential Decree concerning the approval by the Council of State of the ESCHASE for the Costa Nopia project marks the maturation of the technical licensing of this emblematic project, which is now entering the implementation phase.

The Leptos Group is particularly pleased to announce the publication in the Government Gazette (D’ 439/25.06/ 2025) of the Presidential Decree concerning the approval by the Council of State of the Special Spatial Development Plan for Strategic Investment (ESCHASE) for the Costa Nopia project in the Gulf of Kissamos in northwestern Crete. The project had already been included in the Strategic Investment regime since 2019.

Costa Nopia is being implemented by Cretan Sun & Sea Developments SA, a wholly owned subsidiary of the Leptos Group, and is one of the largest tourism developments in Greece. It has been designed as a comprehensive, high-end holiday and tourist resort that puts Crete at the forefront of quality international tourism, covering an area of 1,130 acres with 1.4 km of of beachfront, and the potential for development of up to 207,000 sq.m of buildable area. It will include hotels, holiday homes, a marina, green spaces and sports, and cultural facilities fully in line with the environmental footprint of the area.

Costa Nopia, in the beautiful bay of Kissamos, will make a significant contribution to the local and national economy. It will create hundreds of direct jobs and even more during the construction period. It has the potential to generate significant public revenue, upgrade the region’s tourist map, and extend the tourist season into the winter months, while also boosting foreign currency inflows into the wider region.

The Leptos Group has been investing heavily in Crete for over two decades, boosting the local economy and employment with projects that respect the environment and highlight the island’s unique character.

About Leptos Group

The Leptos Group, one of the largest Groups of Companies based in Cyprus with over 65 years of history, is active in the fields of Land Development and Tourism in Cyprus and Greece, while also owning the Neapolis University Pafos and the Iasis Hospital, also in Paphos. At the core of its identity lies a commitment to quality, innovation, social contribution, and creative extroversion, with a broad international presence and offices in Cyprus, Greece, England, Egypt, Dubai, India and China, and a sales network in over 75 countries. Its leading role is guaranteed by the fact that the Group has one of the largest property portfolios in Cyprus, as well as major investments in Crete and Paros.